Can I retire at age 72 with 855,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $855,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$70,605$69,976$69,363$68,764$68,179$66,396
2 years$34,953$34,302$33,671$33,059$32,466$30,682
3 years$23,071$22,417$21,787$21,182$20,598$18,868
4 years$17,130$16,479$15,856$15,260$14,691$13,029
5 years$13,567$12,920$12,305$11,721$11,168$9,579
6 years$11,193$10,550$9,944$9,374$8,836$7,322
7 years$9,497$8,860$8,264$7,707$7,186$5,746
8 years$8,226$7,594$7,008$6,465$5,962$4,595
9 years$7,238$6,612$6,036$5,507$5,021$3,726
10 years$6,448$5,828$5,262$4,747$4,278$3,054
11 years$5,802$5,189$4,633$4,131$3,679$2,524
12 years$5,264$4,657$4,112$3,624$3,188$2,100
13 years$4,810$4,209$3,673$3,199$2,780$1,756
14 years$4,420$3,826$3,301$2,840$2,437$1,475
15 years$4,083$3,495$2,980$2,533$2,146$1,244
16 years$3,788$3,206$2,702$2,268$1,897$1,051
17 years$3,528$2,953$2,459$2,037$1,682$891
18 years$3,297$2,729$2,244$1,836$1,495$757
19 years$3,091$2,529$2,055$1,659$1,333$644
20 years$2,906$2,350$1,886$1,503$1,190$549
21 years$2,738$2,189$1,734$1,364$1,065$468
22 years$2,586$2,043$1,599$1,240$955$400
23 years$2,448$1,911$1,476$1,129$857$342
24 years$2,321$1,790$1,365$1,030$770$292
25 years$2,204$1,680$1,264$941$693$250
26 years$2,097$1,579$1,173$860$624$214
27 years$1,998$1,486$1,089$787$563$183
28 years$1,906$1,400$1,012$721$508$157
29 years$1,820$1,321$942$661$459$135
30 years$1,740$1,248$877$607$414$116
31 years$1,666$1,179$818$557$375$99
32 years$1,596$1,116$763$512$339$85
33 years$1,531$1,057$713$471$307$73
34 years$1,470$1,002$666$433$278$63
35 years$1,412$950$622$399$252$54
36 years$1,358$902$582$368$228$46
37 years$1,307$856$545$339$207$40
38 years$1,258$814$510$312$187$34
39 years$1,212$774$478$288$170$29
40 years$1,169$736$448$265$154$25
41 years$1,128$701$420$245$140$22
42 years$1,089$668$394$226$127$19
43 years$1,051$636$370$209$115$16
44 years$1,016$606$347$193$104$14
45 years$982$578$326$178$95$12
46 years$950$552$306$164$86$10
47 years$919$526$288$152$78$9
48 years$890$502$270$140$71$7
49 years$862$480$254$130$64$6
50 years$835$458$239$120$59$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $855,000, adding $5,945 every year, while hoping to spend $32,142 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 31/47/22 Blend
71$855,000$855,000$855,000$855,000
72$948,342$903,027$889,775$971,120
73$1,010,874$913,077$885,383$998,940
74$1,078,707$922,541$879,768$1,025,569
75$1,152,348$931,359$872,853$1,053,570
76$1,232,354$939,462$864,560$1,083,082
77$1,319,339$946,780$854,807$1,114,262
78$1,413,976$953,236$843,507$1,147,282
79$1,517,008$958,752$830,571$1,182,335
80$1,629,252$963,240$815,905$1,219,639
81$1,751,606$966,609$799,408$1,259,431
82$1,885,060$968,763$780,978$1,301,978
83$2,030,702$969,598$760,507$1,347,578
84$2,189,731$969,005$737,881$1,396,560
85$2,363,465$966,868$712,981$1,449,290
86$2,553,357$963,063$685,685$1,506,175
87$2,761,006$957,460$655,862$1,567,669
88$2,988,172$949,919$623,377$1,634,272
89$3,236,794$940,293$588,088$1,706,544
90$3,509,005$928,426$549,848$1,785,101
91$3,807,157$914,153$508,501$1,870,630
92$4,133,838$897,297$463,887$1,963,894
93$4,491,899$877,674$415,836$2,065,734
94$4,884,478$855,085$364,172$2,177,088
95$5,315,035$829,324$308,712$2,298,992
96$5,787,377$800,169$249,262$2,432,594
97$6,305,699$767,388$185,622$2,579,168
98$6,874,622$730,732$117,583$2,740,121
99$7,499,237$689,941$44,925$2,917,016
100$8,185,149$644,738$0$3,111,578